{"id":2313,"date":"2021-07-19T11:17:57","date_gmt":"2021-07-19T05:47:57","guid":{"rendered":"https:\/\/www.flintzy.com\/blog\/?p=2313"},"modified":"2021-10-22T18:42:22","modified_gmt":"2021-10-22T13:12:22","slug":"everything-you-need-to-know-about-youtube-nfts","status":"publish","type":"post","link":"https:\/\/www.flintzy.com\/blog\/everything-you-need-to-know-about-youtube-nfts\/","title":{"rendered":"Everything You Need To Know About YouTube NFTs"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The cryptocurrency world has recently been taken over by NFTs (non-fungible tokens). With so much information about this term floating around, it might get overwhelming to understand the terminology. Here\u2019s a simplified guide to NFTs and how you can sell your videos as NFTs too.<\/span><\/p>\n<p><strong>What are NFTs?<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">A fungible asset is something that can be easily interchanged &#8211; for example, a $10 currency note with 10 $1 coins. In contrast, non-fungible assets are items of irreplaceable value such as paintings or sculptures. Throughout history, we have mostly seen physical assets such as famous, one-of-a-kind paintings being sold for thousands, if not millions, of dollars.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These days, with so much unique digital content being created every day, you can own these in the form of NFTs. NFT stands for non-fungible token. An NFT can certify the ownership of a digital product like a viral video, digital art, tweets and even memes, using blockchain.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"NFTs, Explained\" width=\"900\" height=\"506\" src=\"https:\/\/www.youtube.com\/embed\/Oz9zw7-_vhM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Why is digital content being bought as NFTs?<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Just like buying an original painting with the artist\u2019s signature on it, an NFT also continues to be the creation of the artist\/content creator, even after it gets sold. It is similar to displaying a painting in a museum, as the digital content will continue to reside on the internet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the pandemic, there has been a boom in the crypto-art space. A lot of buyers have been interested in crypto-art as they see it as a long-term asset. Additionally, a lot of fans are also interested in owning a piece of their favourite creator\u2019s work.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Why Are NFTs Selling For Millions?\" width=\"900\" height=\"506\" src=\"https:\/\/www.youtube.com\/embed\/ICN-3kr7x7Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>What kind of content is being sold as NFTs?<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Viral videos, digital art, memes, photos, sports clips, music and other similar digital content are being sold as NFTs. In most cases, the buyer receives a digital file of the data. As the buyer and the seller are linked via blockchain, the original author can keep track of further NFT sales and receive a royalty on them.<\/span><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=QCWFrOyUU7s\">https:\/\/www.youtube.com\/watch?v=QCWFrOyUU7s<\/a><\/p>\n<p><strong>Selling your YouTube clip as an NFT<\/strong><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">First, you must list your video as an NFT. For that, you can go to a site like <\/span><a href=\"https:\/\/rarible.com\/\"><span style=\"font-weight: 400;\">Rarible<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/opensea.io\/\"><span style=\"font-weight: 400;\">OpenSea<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On these sites, you can create an NFT by uploading your video (be sure to check the file size limit), and an image with it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Next, name the NFT, add an external link, if any (like the YouTube link), and a description.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Here, you\u2019ll also need to set the price and type of auction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If this is your first NFT listing, you might need to pay gas fees, which is essentially Ethereum transaction fees. These NFTs will be stored in a blockchain on the Ethereum ledger, which is an open-source blockchain network.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After this, you will be able to post your listing.<\/span><\/li>\n<\/ol>\n<p><iframe loading=\"lazy\" title=\"HOW TO LIST YOUR VIDEO NFT (NON FUNGIBLE TOKEN) ON OPENSEA for Beginners\" width=\"900\" height=\"506\" src=\"https:\/\/www.youtube.com\/embed\/U081B230Zh0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">With the advent of NFTs, there is now a new revenue stream for creators. So what are you waiting for? Jump on the NFT bandwagon and start selling your NFTs now!<\/span><\/p>\n<p><strong><i>Interested in getting your YouTube channel seen by a huge audience? Get started here:\u00a0<a href=\"https:\/\/www.flintzy.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.flintzy.com&amp;source=gmail&amp;ust=1626758741343000&amp;usg=AFQjCNG4pD6aHC9I6Z9R2noennj9cNw_kg\">www.flintzy.com<\/a><\/i><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency world has recently been taken over by NFTs (non-fungible tokens). With so much information about this term floating around, it might get overwhelming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2322,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13,571],"tags":[967,968],"class_list":["post-2313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-monetize-your-channel","category-trending","tag-nft","tag-youtube-nft"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/posts\/2313"}],"collection":[{"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/comments?post=2313"}],"version-history":[{"count":5,"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/posts\/2313\/revisions"}],"predecessor-version":[{"id":2329,"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/posts\/2313\/revisions\/2329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/media\/2322"}],"wp:attachment":[{"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/media?parent=2313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/categories?post=2313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.flintzy.com\/blog\/wp-json\/wp\/v2\/tags?post=2313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}